Shortly after the presidential election, Donald Trump has threatened to hike tariffs on China, Canada, and Mexico, the three largest trade partners of the U.S. The president-elect told the two North American neighbors that they had to stop the flow of migrants and drugs into this country or face a 25% tariff on all goods.
Was this another of his off-the-cuff remarks that might indicate a decision or a tactic in some negotiation? And does it matter? Maybe not to commercial real estate.
Given that the United States-Mexico-Canada Agreement (USMCA) negotiated during Trump’s previous administration is due for renegotiation in 2026, chances are that the second option is the more likely. Trump’s complaints aren’t really based on trade and economics, so it would seem a way to create confusion and uncertainty.
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